MSCC Definition

Bookmark and Share

MSCC is Material Supply Chain Cost.

Learn new Accounting Terms

ACCRUAL BASIS OF ACCOUNTING is wherein revenue and expenses are recorded in the period in which they are earned or incurred regardless of whether cash is received or disbursed in that period. This is the accounting basis that generally is required to be used in order to conform to generally accepted accounting principles (GAAP) in preparing financial statements for external users.

PRO-FORMA INVOICE is a price quote. It is written as an invoice, and, in effect, says: This is the purchase price and terms we are offering.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.